Distiller’s corn oil traded at 55 del Manly, IA for the nearby market and in a range for July and August today. There were offers to sell as high as 57.5 later this afternoon following a rally on the CME soybean oil board. Some sources have pointed to the attack on the Kakhovka dam on the Dnipro River in Ukraine and the potential fallout from the destruction, including further escalation in the war and additional trade disruption. However, soybean oil prices increased more than corn and wheat, which has led to speculation that there may be early bets going in on a RVO increase coming on or before the…
05.03.2024
Biodiesel imports fall to 8-month low in March; exports rise to 3-month high
Biodiesel imported into the US fell in March for the first time in four months while biodiesel exported from the US reached a three-month high.
Import demand from...
05.03.2024
BFT, soybean oil weekly average prices tumble
For the week to Friday, prices were broadly lower compared with the prior week’s average. Packer bleachable fancy tallow was down by 2.2% from the prior week’s average on...
05.03.2024
US animal protein prices remain under pressure; soymeal rises
US animal protein prices were mixed in the week to Friday May 3 but showed no large movements, with multiple market participants traveling for the Petfood Forum in Kansas...